The Federal Board of Revenue (FBR) has recorded a massive shortfall of Rs. 198 billion in tax collection during the first quarter (July-September) of the fiscal year 2025-26.
According to official data, the FBR collected Rs. 2,885 billion against the assigned target of Rs. 3,083 billion for the period under review.
The shortfall persisted in September 2025 as well, with the tax machinery collecting Rs. 1,230 billion compared to the monthly target of Rs. 1,368 billion, reflecting a deficit of Rs. 138 billion.
The development raises concerns over Pakistan’s ability to meet its annual revenue targets, which remain crucial for ongoing talks with the International Monetary Fund (IMF).